(Reuters) - Rising demand for electric vehicles (EV) around the world is encouraging automakers such as Tesla Inc (NASDAQ:TSLA), Volkswagen (ETR:VOWG_p) and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
Following are some of the deals major automakers have announced with suppliers and miners:
TESLA:
26-Aug-2022 - Panasonic Holdings Corp, a supplier to Tesla, is in talks to build an additional EV battery plant in the United States at a cost of about $4 billion.
01-Mar-2022 - Australia's Core Lithium will supply up to 110,000 dry metric tonnes of Spodumene concentrate, a chief source of lithium, over four years starting in the second half of 2023.
01-Nov-2021 - China's Ganfeng Lithium will supply undisclosed volumes of battery-grade lithium for three years starting 2022
22-July-2021 - Australia's BHP Group will supply nickel from its plants in Western Australia. Quantities, timing not disclosed.
VOLKSWAGEN:
23-Aug-2022 - Volkswagen intensified efforts to secure access to key battery materials lithium, nickel and cobalt by striking a cooperation agreement with top supplier Canada. No financial details were disclosed.
08-Dec-2021 - Vulcan Energy Resources will provide lithium hydroxide for five years starting 2026. Vulcan extracts lithium from geothermal sources in Germany's Upper Rhine Valley region.
08-Dec-2021 - Belgium's Umicore will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. It will start production in 2025 with 20 gigawatt hours for the carmaker's plant in Salzgitter, Germany.
STELLANTIS:
24-June-2022 - Stellantis will invest 50 million euros ($50.3 million) to buy an 8% stake in German-Australian start-up miner Vulcan, becoming its second largest shareholder and extending a lithium supply agreement to 10 years.
2-June-2022 - Controlled Thermal Resources will supply up to 25,000 metric tons per year of lithium hydroxide over 10 years from a project in California.
29-Nov-2021 - Preliminary deal with Vulcan for lithium produced using geothermal energy from Germany. Over five years starting in 2026, Vulcan will supply 81,000-99,000 tonnes of battery-grade lithium hydroxide.
RENAULT:
1-June-2022 - Moroccan miner Managem will supply 5,000 tonnes of low carbon cobalt sulphate under a seven-year deal starting from 2025.
21-Nov-2021 - Vulcan will supply 26,000-32,000 metric tonnes of battery-grade lithium chemicals for initial six years starting 2026.
08-Oct-2021 - MoU with Finnish nickel and cobalt miner Terrafame to supply nickel sulphate. Quantities and timeline not disclosed.
MERCEDES BENZ:
23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. It will explore a strategic partnership with Rock Tech Lithium which would supply the carmaker and its battery partners with up to 10,000 tonnes of lithium hydroxide a year from 2026.
BMW:
5-Aug-2022 - BMW signs a non-binding memorandum of understanding with European Lithium Ltd for the supply of lithium hydroxide.
7-June-2022 - U.S. startup Lilac Solutions, backed by BMW, was competing for mining partnerships in Bolivia to tap into the world's largest resources of lithium.
TOYOTA:
1-Aug-2022 - A joint venture of Toyota and Panasonic will buy lithium from ioneer Ltd's Rhyolite Ridge mining project in Nevada to build EV batteries in the United States.
04-Oct-2021 - BHP Group will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. Details were not disclosed.
GENERAL MOTORS
3-Aug-2022 - GM makes prepayment of $198 million to Livent Corp for a guaranteed six-year supply of lithium from 2025 at a contractual price per tonne. Volume not disclosed.
02-July-2021 - GM will make a "multimillion-dollar investment" in and help develop Controlled Thermal Resources Ltd's Hell's Kitchen geothermal brine project near California's Salton Sea. The project could be producing 60,000 tonnes of lithium - enough to make roughly 6 million EVs - by mid-2024.
12-April-2022 - Miner Glencore (LON:GLEN) will supply cobalt, secured from its Murrin Murrin operation in Australia, to be used in GM's Ultium battery cathodes. Details were not disclosed.
FORD
22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada.
14-July-2022 - Ford Motor (NYSE:F), SK On and SK Battery America create joint venture to build and operate an EV battery plant in Tennessee and two plants in Kentucky.
29-June-2022 - Australia's Liontown Resources will supply up to 150,000 dry metric tonnes per year of spodumene concentrate, a source of lithium, from its Kathleen Valley project in Western Australia for five years starting 2024.
11-Apr-2022 - Ford signs preliminary deal to purchase 25,000 tonnes of lithium annually from Lake Resources' Kachi project in northern Argentina.
22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.
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